IHTM11014 | Groups of exempt transfers: transfers of Heritage property
From HM Revenue & Customs · Inheritance Tax Manual
This group of exemptions consists of
gifts into maintenance funds ()
conditional exemption for designated property ( to IHTA/S35)
They have certain features in common with the previous group () of exemptions. In particular
they are available for deemed () as well as actual transfers (), and
where the transfer is only partly exempt (), the extent to which it is exempt is governed by to .
However, unlike the previous group, the property exempted may be subject to a future tax charge in certain circumstances.